Allforcrypto (Allforcrypto) Review

Industry: finance

Description

Allforcrypto is a P2P marketplace where you can trade using cryptocurrencies. Allforcrypto will provide a blockchain-based platform for decentralized sales of goods and services using its own utility token.

Why buying and selling online does not work

Any discussion of online P2P purchases and sales begins with eBay. Founded in 1995, at the dawn of e-commerce, eBay earned most of its profits and losses through C2C sales and auctions. Without going into details, eBay has never been an “ideal store”, which was stated by its apologists, despite annual sales of $ 11 billion. The main disadvantages of eBay have always been:

Growth - attracting new buyers and sellers;

Payments - years of ups and downs with PayPal and, finally, the transition to Adyen in 2018.

Security of purchases and payments - endless complaints about how to cancel a purchase on eBay or problems with PayPal payments.

Similar problems from the very beginning pursued all P2P commerce until Allforcrypto presented its solution!

Allforcrypto Strategy

Allforcrypto offers a solution based on blockchain technology for solving problems in the field of P2P purchases and sales of goods and services on the Internet.

Allforcrypto allows users to buy and sell products for bitcoins, altcoins, perfect money and webmoney. We offer our own escrow service, as well as escrow from independent campaigns to ensure the security of payment for goods and quality of service. Since Allforcrypto is mainly a cryptocurrency market, it uses the available protections that such payment systems provide. Payments in Bitcoin, litecoin or any other altcoin are safe by themselves due to the use of blockchain. We refused other forms of payment, such as bank transfers and credit cards, because of the likelihood of fraud on the part of the buyer. Thus, the seller is as secure as the buyer, which is not on sites like eBay.

Benefits of the Allforcrypto approach

The advantages of the Allforcrypto approach over eBay should be quite obvious. Allforcrypto allows buyers to easily find the goods they need and pay them completely safely. As a result, after Allforcrypto is implemented and launched, our platform will take its share of the market for all existing P2P sites. Since the global market has a turnover of about $ 11- $ 20 billion, including all major players, there is a significant share that Allforcrypto can own.

Revenue model

The Allforcrypto revenue model is based on commission. The platform commission will be 5% for each transaction, at the same time, incentive discounts and bonuses using a token will be available. All basic cryptocurrencies will be converted into a platform token for all operations. Buyers and sellers will be able to store tokens, trade them on exchanges or use them on the platform. Sales of tokens will be subject to the possibility of use for purchases. The price of the token on the platform will be unchanged, so the value of the goods will be stable.

Features

Smart Wallet. Most transactions are almost real-time (up to 1,000 transactions/second) with low cost and no blockchain download necessary.

Rewards. Buyers can use their tokens to purchase items listed on the website. Discounts and bonuses will be made to incentivize users, using the token. Sellers can get reduced fees using the tokens and also purchase special promotions for their items – for example, highlighting the item on the site, or promoting it via our twitter/Facebook pages, etc.

Stability. The token value of the platform will not decrease unless some extreme event happens in the market (please refer to frequently asked questions), so token holders may be assured of the value of the token even in the volatile crypto market.

Security. Our token is on the waves platform.Waves have never been hacked and are one of the safest platforms/ wallets in the crypto sphere today. On top of this security, we will develop a secure backup blockchain, independent of waves platform that will backup wallet and token information incase of the highly unlikely event of waves becoming compromised

Allforcrypto Reviews

The project may of course be interesting to the audience, but so far there is little information. I will wait and follow the development of this site. Otherwise, you are seriously threatened by ebay. Let's see what happens.

I can bet ebay doesn't know what it is and who it is. Too loud a statement, I don't think that anything will come out of this, this is not the first project that threatens a huge marketplace, and one result was the same for everyone.

However, you need to understand that developers are not going to surpass eBay or something like that. The goal of the project is to occupy a niche in the field of online trading through the use of blockchain technology and cryptocurrency, since Objectively, there are a huge number of people who are not comfortable with the monetary policy of e-commerce giants

Leo26 January, 2019

I also doubt that it will come out, there were a lot of attempts before. Everybody knows the result, but well, let the guys try, of course, the blockchain is a delicate matter.

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The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about altcoins. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.